Cushman & Wakefield is pleased to present for sale, East Broadway Gardens, a 26 units two story garden style apartment complex located on the north side of E Broadway between Franklin Blvd and Lincoln Blvd in Long Beach. The subject property is approximately 12,486 SF and consist of twenty (21) studio apartments, four (4) one-bedrooms, and one (1) two-bedroom unit.
The building is currently 100% occupied and has undergone significant capital improvements which included new electrical and mechanicals. Each unit has their own heating and AC unit. All tenants are responsible for their own electric which covers heat, lighting and stoves. Landlord is responsible for water. The asset offers an investor the opportunity to run their own laundry facility or contract the facility with a major vendor. Located in a residential area, the property is not subject to rent stabilization and offers a fantastic opportunity to own a multifamily asset in the Long Beach market.
East Broadway Gardens, 421-433 E Broadway, Long Beach, NY
421-433 E Broadway, Long Beach, New York, 11561-4435
Long Beach, NY 11561-4435
United States
- Building Size:
- 12,486 SF
- Available Space:
- 12,486 SF
- Sale Price:
- $5,150,000 USD
- Price Per Unit:
- $412.46 / USD
- Lot Size:
- 4,800 SF / .11 Acres
- Year Built:
- 1951
